Soybeans: The First Half Of Imports Increased 28.2% Year On Year – Soybean Price – Food Industry

First, in the first half of domestic soybean prices remained stable upward trend, Bean oil And soybean meal prices volatile

2009 first half, in support of the Interim National Reserve policy, the domestic soybean prices relatively stable, soybean oil and soybean meal prices influenced by international markets. Specific view, the domestic price movements of soybeans and products can be roughly divided into three stages: early March to early, interim purchasing and storage of domestic soybean program policies in the country, under the support price is relatively stable, but the domestic price of soybean oil and soybean meal costs by importing soybeans decreased greatly affected. 3 At the end of the average purchase price of domestic soybean growing areas of Northeast 3306 yuan / ton, down 3.2% over the beginning, down 27.5%. In early March, the national average ex-factory price 2840 yuan ordinary meal / tons, down nearly year high of 25.0%, down 25.5% year on year; the national average of four soybean oil ex-factory price by the beginning of 7406 yuan / ton reduced to 6,424 yuan / ton, down 13.3%, down 53.3% year on year. In mid-March to early June, domestic soybean prices and soybean oil and soybean meal prices. In early June, northeast of domestic soybean production area purchase price reached 3,613 yuan / ton, up 9.3% compared with the end of March; the average ex-factory price of domestic soybean oil 4 7691 yuan / ton, higher than the March low of 19.7% in early; domestic soybean meal average factory price of 3510 yuan / ton, higher than the 23.5% in early March. . Since early June, domestic soybean prices relatively stable, domestic soybean oil and soybean meal prices decline. 6 At the end of the average price of soybeans in Northeast China-made 3,579 yuan / ton, with the flat early; the average ex-factory price of domestic soybean oil 7,126 yuan / tons, down 7.3% early; the average ex-factory price of domestic soybean meal and 3,366 yuan / tons, down 4.1% in early .

From the international market, international Financial Crisis deepened, South American soybean production cuts and other factors, the international soybean price volatility. Early to early March, the international price of soybeans and products, test a low again. Early March, the U.S. No. 2 Yellow Chicago Board of Trade soybean July contract closing price fell to 311 U.S. dollars / tons, down 15.6% year; closing price of soybean oil in July contract fell to 677 U.S. dollars / tons, down 19.4% year high; closing price of soybean meal in July contract fell to 284 U.S. dollars / ton, down 15.5%. March to early June, by Argentina and other South American countries and China’s soybean import demand cut production and other factors, the international soybean prices rebounded sharply. Early June, the U.S. No. 2 Yellow Chicago Board of Trade soybean July contract closing up to 447 U.S. dollars / tons, up 43.9% early in March; closing price of soybean oil in July contract rose to 892 U.S. dollars / ton, higher than the early March high of 32.0 %; closing price of soybean meal in July contract rose to 431 U.S. dollars / ton, 51.6% higher than early March. Since June, the U.S. soybean yield, Oil Prices fall and other factors, the international soybean prices fell again. To July 16, the U.S. No. 2 Yellow Chicago Board of Trade soybean August contract closed at 359 U.S. dollars / tons, early in June decreased by 17.1%; soybean oil in August contract closed at 745 U.S. dollars / ton, down 16.9% compared with early June; soybean meal August contract closed at 341 U.S. dollars / ton, down 16.3% compared with early June.

2, prop the effectiveness of purchasing and storage policy significantly, but need to further improve
Prop acquisition policy to stabilize domestic soybean prices. October 2008, soybean prices fell sharply in the domestic context, the State introduced a 3700 yuan / ton temporary purchasing and storage policies and issued in four soybean interim purchasing and storage plan, the number of total purchasing and storage to reach 7.25 million tons, stable market expectations. Shore up the market policy under the influence of domestic soybean prices remained stable during the first half, soy interests to protect, promote stable development of domestic soybean production has played a positive role.

However, the interim purchasing and storage policies to combat the growing areas of the crusher. Temporary Collection and storage of domestic policy raised the purchase price of soybeans, producing enterprises Raw material Costs, with the coast to import soybean oil as the raw materials business competition apparently inferior to the coastal areas in order to import raw materials of soybean oil and soybean meal for the opportunity to enter the Northeast producing a lot to occupy the traditional domestic soybean market, leading to sharp increase in soybean imports. The first half of this year, China’s total soybean imports 22.09 million tons, an increase of 28.2%. BOLA TANGKAS